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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income $ 52 $ 365
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation and amortization 707 676
Equity allowance for funds used during construction (47) (36)
Deferred income taxes (114) 12
Wildfire Insurance Fund amortization expense 36 52
Other 13 8
Nuclear decommissioning trusts (20) (19)
Changes in operating assets and liabilities:    
Receivables 84 227
Inventory 5 (29)
Accounts payable (19) (508)
Tax receivables and payables (2) (9)
Other current assets and liabilities (300) (329)
Derivative assets and liabilities, net (17) (99)
Regulatory assets and liabilities, net 250 (296)
Wildfire-related claims 419 (133)
Other noncurrent assets and liabilities (4) 28
Net cash provided by (used in) operating activities 1,043 (90)
Cash flows from financing activities:    
Long-term debt issued, net of discount and issuance costs 2,976 1,681
Long-term debt repaid (601) (401)
Short-term debt repaid (390) (600)
Common stock issued 12 10
Preferred stock repurchased (19)  
Commercial paper (repayments) borrowing, net (622) 960
Dividends and distribution to noncontrolling interests (43) (29)
Common stock dividends paid (295) (277)
Preferred\Preference stock dividends paid (44) (52)
Other 14 24
Net cash provided by financing activities 988 1,316
Cash flows from investing activities:    
Capital expenditures (1,279) (1,324)
Proceeds from sale of nuclear decommissioning trust investments 1,258 951
Purchases of nuclear decommissioning trust investments (1,257) (932)
Other 2  
Net cash used in investing activities (1,276) (1,305)
Net increase (decrease) in cash, cash equivalents and restricted cash 755 (79)
Cash, cash equivalents and restricted cash at beginning of period 532 917
Cash, cash equivalents and restricted cash at end of period 1,287 838
SCE    
Cash flows from operating activities:    
Net income 106 399
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation and amortization 707 673
Equity allowance for funds used during construction (47) (36)
Deferred income taxes (85) 28
Wildfire Insurance Fund amortization expense 36 52
Other 8 2
Nuclear decommissioning trusts (20) (19)
Changes in operating assets and liabilities:    
Receivables 69 235
Inventory 5 (29)
Accounts payable (7) (505)
Tax receivables and payables (2) (9)
Other current assets and liabilities (334) (318)
Derivative assets and liabilities, net (17) (99)
Regulatory assets and liabilities, net 250 (296)
Wildfire-related claims 419 (133)
Other noncurrent assets and liabilities (2) 35
Net cash provided by (used in) operating activities 1,086 (20)
Cash flows from financing activities:    
Long-term debt issued, net of discount and issuance costs 2,976 1,186
Long-term debt repaid (601) (1)
Short-term debt repaid (375) 0
Commercial paper (repayments) borrowing, net (656) 431
Common stock dividends paid (360) (350)
Preferred\Preference stock dividends paid (43) (29)
Other (7) 12
Net cash provided by financing activities 934 1,249
Cash flows from investing activities:    
Capital expenditures (1,278) (1,324)
Proceeds from sale of nuclear decommissioning trust investments 1,258 951
Purchases of nuclear decommissioning trust investments (1,257) (932)
Other 1 0
Net cash used in investing activities (1,276) (1,305)
Net increase (decrease) in cash, cash equivalents and restricted cash 744 (76)
Cash, cash equivalents and restricted cash at beginning of period 398 766
Cash, cash equivalents and restricted cash at end of period $ 1,142 $ 690